A source-linked module for your next research newsletter
Use these examples as a starting point for editorial review. Each excerpt links to both filings. Download Markdown.
SBUX · 2026 vs 2025 · Filed 2026-11-12
Starbucks Corporation
We may not be successful in our brand, marketing, promotional, advertising, and pricing strategies.
Our continued success depends on our ability to adapt brand, marketing, promotional, advertising, loyalty, and pricing strategies to shifting economic conditions, competitive pressures, value perception, and evolving customer preferences.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
Our effective tax rate, tax expense, and tax liabilities may be affected by changes in the valuation of our deferred tax assets and liabilities and related valuation allowances; changes in the relative proportions of revenue and income before taxes generated in jurisdictions with differing statutory tax rates; changes in financial accounting rules for income taxes; and tax effects of acquisitions.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
Transfers of Johnson Controls ordinary shares may be subject to Irish stamp duty.
A transfer of Johnson Controls ordinary shares from a seller who holds shares beneficially 23 (i.e., through the Depository Trust Company ("DTC")) to a buyer who holds the acquired shares beneficially (i.e., through DTC), which is effected by the debit/credit of book-entry interests representing the shares through DTC, is not subject to Irish stamp duty.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
Changes in our effective tax rate may adversely impact our results of operations and cash flow.
In addition, on October 5, 2026, we completed the acquisition of Qorvo, pursuant to two merger transactions involving cash-and-stock consideration (the “Mergers”).
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
We face risks, and corresponding potential costs and expenses, associated with conducting operations and growing our business in numerous countries.
We sell our products and offer our strategies and investment management and related services to clients in many different regulatory jurisdictions around the world, and intend to continue to expand our operations internationally.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
The conversions of our class B-1, B-2 and B-3 (class B) and class C common stock or series A, B and C preferred stock into shares of class A common stock would result in voting dilution to, and could adversely impact the market price of our existing class A common stock.
The value of our class B and C common stock and series A, B and C preferred stock is tied to the value of the class A common stock.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
Issues related to artificial intelligence may result in reputational, competitive and financial harm to the Company, regulatory action, legal liability, and other adverse effects to the Company’s business.
Artificial intelligence technologies are increasingly integrated into the Company’s products and services and its business and operations.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
Failure to maintain the security of sensitive personal information or other confidential information in our possession could subject us to litigation or regulatory enforcement action, cause reputational harm and cause us to incur substantial costs or have a material adverse impact on our business and financial condition.
While addressing vulnerabilities is a priority for us, the methods used to obtain unauthorized access are constantly evolving and increasing in frequency and sophistication, including through the use of evolving AI tools to identify and exploit vulnerabilities.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
We may be unable to secure data center capacity, power and computing resources on acceptable terms to meet our future needs
Our business, and in particular our growth and our increasing use of AI, depends on access to data center capacity, power and computing resources, including specialized hardware, whether provided through our own facilities or, increasingly, through third-party cloud and data center providers.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.
If we do not successfully manage and develop our relationships with our ecosystem partners or if we fail to anticipate and establish new alliances in new technologies, our results of operations could be adversely affected.
In addition, our ecosystem partners have in the past and may in the future also experience reduced demand for their technology or software, including, for example, in response to changes in technology, which could lessen related demand for our solutions and services.
This excerpt appears in the current extracted section and is absent from the prior extraction. This is a text comparison, not a judgment about investment risk.